Whilst there is no prohibition in England and Wales against a party making an offer to settle in any way it chooses, there can be damages, costs, interest and tactical advantages in making a formal offer to settle which complies with the rules of court.
A new consultation on the ‘regulatory perimeter’ for trading venues demonstrates how the UK Financial Conduct Authority’s (FCA) approach is “moving away from EU-derived requirements”, according to one legal expert.
It is understandable that much of the focus for financial institutions negotiating cloud contracts will be on ensuring compliance with the regulatory requirements they are subject to, but there are other contract issues that need their attention too.
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